Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2677 Louisiana Blvd Albuquerque, NM 87110
    Back to Search
    Property profile & analytics

    2677 Louisiana Blvd Albuquerque, NM 87110

    View on Map
    • Retail properties & Spaces
    • 2,650 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2677 Louisiana Blvd

    Property size
    2,650 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 2,650-square-foot retail property is ideally situated at the bustling intersection of Menaul and Louisiana Boulevards in Albuquerque, New Mexico. The single-tenant space boasts a functional layout perfect for retail operations, featuring attractive glass display cases and cashier counters at the storefront, complemented by convenient storage and office areas in the rear. The design caters to businesses needing both customer display and back-office workspace. Benefit from excellent signage opportunities, including channel letter signage on the building and a prominent monument sign visible from both Louisiana and Menaul Boulevards, ensuring high visibility to the substantial traffic flow in this area. Access is convenient, with ample parking available on the north and east sides of the building, providing easy access for customers and employees. A rear alley offers discreet access for deliveries and employee entry. Located in Bernalillo County, at 2677 Louisiana Blvd NE, Albuquerque, NM 87110, this retail space presents a strong combination of visibility and practical amenities, making it an attractive opportunity for businesses seeking a prime location in a high-traffic area. The entire 2,650 square feet is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.569
    Latitude
    35.11

    Comparable in this City

    • Value Estimation by Request
      4,820 SF

      2706 Carlisle Blvd

      Retail properties & Spaces • 4,820 SF
      2706 Carlisle Blvd, Albuquerque, NM 87110
      View Details
    • Value Estimation by Request
      125,000 SF

      2100 Carlisle Blvd

      Retail properties & Spaces • 125,000 SF
      2100 Carlisle Blvd, Albuquerque, NM 87110
      View Details
    • Value Estimation by Request
      2,232 SF

      1418 Carlisle Blvd

      Individual retail properties • 2,232 SF
      1418 Carlisle Blvd, Albuquerque, NM 87110
      View Details
    • Value Estimation by Request
      40,666 SF

      3100 San Mateo Blvd

      Lifestyle centers • 40,666 SF
      3100 San Mateo Blvd, Albuquerque, NM 87110
      View Details
    • Value Estimation by Request
      20,000 SF

      4200 Carlisle Blvd

      Lifestyle centers • 20,000 SF
      4200 Carlisle Blvd, Albuquerque, NM 87110
      View Details
    • Value Estimation by Request
      27,055 SF

      2440 San Mateo Pl

      Lifestyle centers • 27,055 SF
      2440 San Mateo Pl, Albuquerque, NM 87110
      View Details

    Similar Nearby for Sale

    • $140,000
      1,000 SF

      Retail Property on San Mateo

      Retail property available for sale in Albuquerque, New Mexico.
      2141 San Mateo Blvd NE, Albuquerque, NM 87110
      View Details
    • $3,156,522
      8,500 SF

      BJ's Restaurant Net Lease Albuquerque

      High-performing BJ's, strong ROI, NM.
      2100 Louisiana Blvd, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      2,591 SF

      Retail Space in High-Traffic Area

      Retail property with high visibility in Albuquerque, NM.
      5205 Menaul Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space on Menaul Boulevard

      Retail space available on Menaul Boulevard, Albuquerque.
      4009 Menaul Blvd Northeast, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      39,030 SF

      Albuquerque Multi-Tenant Retail Center

      Multi-tenant industrial and retail center in a central location.
      4400 Menaul Blvd NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      12,706 SF

      Retail Center Near Interstate 40

      Four-tenant retail center with freeway visibility and strong customer base.
      4360 Cutler Ave NE, Albuquerque, NM 87110
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      200,544 SF

      Prime Albuquerque Retail Space

      13,382 SF Retail Space Available
      2500 Carlisle Blvd, Albuquerque, NM 87110
      View Details
    • Contact for pricing

      Innovative Food Hall Opportunity

      Unique food hall constructed from shipping containers available for rent.
      3600 Cutler Ave NE, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      3,000 SF

      Winrock Restaurant Sublease

      Albuquerque restaurant space available.
      2100 Louisiana Blvd, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      6,960 SF

      Retail Space on San Mateo

      6,960 SF retail space with high-traffic location.
      2807 San Mateo Blvd Northeast, Albuquerque, NM 87110
      View Details
    • Contact for pricing
      4,600 SF

      Retail Space Available For Lease

      4,600 square foot retail space available for lease.
      8010 Mountain Road Pl Northeast, Albuquerque, NM 87110
      View Details
    • Contact for pricing

      Carlisle Crossing Retail Space Available

      Retail spaces for lease at Whole Foods anchored Carlisle Crossing.
      2100 Carlisle Blvd NE, Albuquerque, NM 87110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2677 Louisiana Blvd
    Albuquerque, NM 87110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2677 Louisiana Blvd, Albuquerque, NM, 87110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!